Question

Helping Hand Outdoor Services pre-sells yard maintenance packages for the gardening season. During October, the company colle
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Answer #1

Solution:

Date Account Titles and Explanation Debit Credit
Nov. 30 Unearned Revenue - Lawn Services $       15,500.00
Service Revenue $      15,500.00
(Revenue recognised for services provided)
Nov. 30 Unearned Revenue - Garden Services $       31,700.00
Service Revenue $      31,700.00
(Revenue recognised for services provided)
Nov. 30 Unearned Revenue - Snow Removal Services $          2,350.00
Service Revenue $        2,350.00
(Revenue recognised for services provided)
Nov. 30 No journal entry required $                       -  
$                     -  

Note:

1) In the question in sub point (d), it is given that Christmas Tree Sales account will be earned in total in december, here we are writing entries for november. so no need of entry for such service in novermber

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